NPR says the Federal Reserve raised interest rates by a quarter point, aiming to curb inflation while households face higher mortgage and credit-card costs. An NPR explainer said the Fed approved its first rate increase of 2026 on Wednesday, lifting its rate by 0.25 percentage point. The move matters because the Fed uses higher rates […] The post How the Federal Reserve rate hike reaches mortgages and credit cards appeared first on American Almanac .
NPR says the Federal Reserve raised interest rates by a quarter point, aiming to curb inflation while households face higher mortgage and credit-card costs. An NPR explainer said the Fed approved its first rate increase of 2026 on Wednesday, lifting its rate by 0.25 percentage point. The move matters because the Fed uses higher rates to raise borrowing costs. The goal is to cool spending and slow price increases that have strained household budgets. That quarter-point increase does not appear as one uniform charge on every loan. Instead, the Fed expects its action to work through borrowing costs across the economy. A quarter-point increase is meant to cool spending The Federal Reserve has two stated jobs: maintaining stable prices…Open
By Andrea Widburg Of course, it’s not officially illegal, but speech codes in Britain ensure that Biblical “wrongthink” opposing Islam or homosexuality will be persecuted.
By Andrea Widburg The president is not targeting unfavorable coverage; he’s targeting coverage that has so consistently erred that it’s effectively an act of war.
President Trump on Sunday said that the plans for the massive triumphal arch bridging Washington, D.C., and Virginia will incorporate a "top grade military complex." Trump said in a Truth Social post that this change to the arch was at the request of the U.S. military "for National Security purposes." "I have agreed to convert [...]
U.S. Southern Command (Southcom) on Saturday announced the latest strike on an alleged drug-trafficking boat traveling through the Caribbean, killing four. Southcom stated on the social platform X that under its direction, the Joint Force Western Hemisphere "executed a lethal, kinetic strike on a go-fast vessel operating along established narco-trafficking routes in the Caribbean." "Confirmed [...]
Singer Ed Sheeran opened a solo concert in Philadelphia on Saturday by addressing the recent fallout over the removal of his tour’s opening act, Macklemore, due to the rapper’s pro-Palestinian comments.